CONSOLIDATED STATEMENTS OF INCOME (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue $ 122,667,769 $ 67,461,468 $ 25,600,636 [1]
Cost of revenue (75,760,033) (41,876,140) (14,600,579) [1]
Gross profit 46,907,736 25,585,328 11,000,057 [1]
Selling and marketing expenses (1,618,278) (647,850) (383,472) [1]
General and administrative expenses (3,191,637) (2,839,848) (251,343) [1]
Operating income 42,097,821 22,097,630 10,365,242 [1]
Other income/(expense)      
Investment income 69,519 15,138 0 [1]
Interest income 8,250 3,276 2,349 [1]
Interest expenses (4,171,989) (3,176,920) (844,650) [1]
Subsidy income 7,338,273 2,363,575 830,446 [1]
Sundry income 2,144 0 0 [1]
Gain/(Loss) on foreign exchange, net 144,740 (5,113) 86,950 [1]
Total other income/(expense) 3,390,937 (800,044) 75,095 [1]
Income from continuing operations before income taxes 45,488,758 21,297,586 10,440,337 [1]
Income tax expense 0 0 0 [1]
Net income from continuing operations 45,488,758 21,297,586 10,440,337 [1]
Net income from discontinued operations, net of income tax expense 51,910,662 [2] 84,494,428 [2] 90,257,249 [1],[2]
Consolidated net income $ 97,399,420 [2] $ 105,792,014 [2] $ 100,697,586 [1],[2]
Basic and diluted earnings per share      
- Net income (in dollars per share) $ 1.23 $ 1.34 $ 1.27 [1]
Weighted average number of ordinary shares outstanding      
- Basic and diluted (in shares) 79,055,053 79,055,053 79,055,053 [1]
Continuing Operations [Member]
     
Basic and diluted earnings per share      
- Net income (in dollars per share) $ 0.58 $ 0.27 $ 0.13 [1]
Discontinued Operations [Member]
     
Basic and diluted earnings per share      
- Net income (in dollars per share) $ 0.65 $ 1.07 $ 1.14 [1]
[1] Represents the consolidation retrospectively restated as if Pingtan Marine Enterprise Ltd. (formerly known as China Growth Equity Investment Ltd.) completed its merger with China Dredging Group Co., Ltd. and the share purchase of Merchant Supreme Co., Ltd. on January 1, 2011 rather than on February 25, 2013.
[2] Total net income and net income from discontinued operations, net of tax included accretion of discount on Class A Preferred Shares in amount of $6,135,012.